PEPE Price Action Resting on the $0.00001952 Support Ahead of PEPU Presale Ending

The Pepe price is up more than 64% on the weekly time frame despite a 2% drop in the last 24 hours to trade at $0.00002061 as of 11:21 p.m. EST

.00001952 Support Ahead of PEPU Presale Ending" >

The Pepe price is up more than 64% on the weekly time frame despite a 2% drop in the last 24 hours to trade at $0.00002061 as of 11:21 p.m. EST as investors accumulate the popular meme coin.

Along with the minor decrease in the PEPE price throughout the past trading day, the meme coin’s volumes also recorded a drop of more than 1% in the last 24 hours.

Pepe Price Resting On The $0.00001952 Support

4-hour chart for PEPE/USD (Source: GeckoTerminal)

The Pepe price has been in a consolidation period between $0.00001952 and $0.00002392 in the last 48 hours, and is currently testing the $0.00001952 support level. A break below this technical safety net might mark the end to the meme coin’s sideways trading. Bears could then end up taking control of PEPE’s price and push it down to the next support at $0.00001463.

In a more bullish scenario, the PEPE price maintaining a position above the $0.00001952 mark for the next 12 hours could lead to a rebound. Buyers might step in in this alternative scenario and push PEPE to the upper boundary of the consolidation range at $0.00002392. Breaking above this point could then give PEPE the space needed to rise to $0.00002881.

Technical Indicators Suggest Bears Are In Control Of The Pepe Price

From a technical standpoint, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) on the 4-hour chart warn the Pepe price might drop in the coming few hours.

Over the last 24 hours, RSI readings have fallen from high 50s to low 50s. Traders usually see decreasing RSI values as a sign of diminishing buyer strength. Although the current reading above 50 still suggests bulls are in control of the Pepe price, a continued drop in RSI readings might see the indicator fall below the 50 benchmark to suggest a bearish shift in power.

Meanwhile, the MACD line is positioned below the MACD Signal line. This specific orientation of the two lines is often interpreted as an indication that a crypto is in a negative cycle.

As indicators flash bearish on PEPE’s 4-hour chart, investors are FOMO buying into a new layer-2 meme coin challenger called Pepe Unchained (PEPU) for potential parabolic gains.

A Layer-2 Token Poised To Take The Meme Coin World By Storm

Pepe Unchained (PEPU) is in a league of its own due to the unprecedented levels of utility it will bring to the booming meme coin sector. At the core of the project is a native layer-2 network, which the project will use to elevate the PEPE brand to new heights in the crypto space.

Not only will Pepe Unchained unlock transaction speeds 100 times faster than that of any other blockchain currently in the market, it will also slash network fees to a fraction of what they are now. This enhanced transactional experience will be accessible through the PEPU token.

To demonstrate the raw power of its layer-2 blockchain, Pepe Unchained recently launched its own token launchpad to compete directly with Solana’s Pump.fun. Developers will soon build the next generation of decentralized applications on the Pepe Unchained blockchain as well following the unveiling of the project’s developer grant program.

Pepe Unchained’s layer-2 capabilities, its meme coin appeal and the potential array of applications that will soon launch on the project’s network has excited many crypto experts. Among these experts is an analyst from the 99Bitcoins YouTube channel, which has more than 706K subscribers. In a recent video, the analyst said that PEPU has the potential to turn $1K into $10K after its launch.

Investors Flock To PEPU’s Presale Ahead Of The Token’s Tier-1 Exchange Listings

Pepe Unchained’s team has added a countdown timer to the project’s presale, and also announced that the meme coin has listings on several tier-1 crypto exchange platforms. Investors are questioning which exchanges will welcome the meme coin, which has raised over $37.3 million through its ICO so far, onto their platform.

Are you coming with? There are more chains to break just around the corner. ⛓

Pepe's got your back. ?? pic.twitter.com/mDPOaCIA47

— Pepe Unchained (@pepe_unchained) November 15, 2024

Tier

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